Sec 1231 Property Will Generally Have All the Following Characteristics

question 1717

Multiple Choice

Sec. 1231 property will generally have all the following characteristics except

• A) used in trade or business.
• B) held for sale to customers.
• C) held for more than one year.
• D) real or depreciable property.

---

Definitions:

Protocol

A set of rules and standards used to communicate between devices in a network, ensuring smooth transmission of data.

Modem

A device facilitating the transmission of data over telephone lines by converting digital signals to analog for transmission and back again for reception.

Local Firewall

A security system for computers that monitors and controls incoming and outgoing network traffic based on predetermined security rules, operating on a single machine.

Software Firewall

A program designed to prevent unauthorized access to or from a private computer network.